SACRAMENTO – Millions of Californians will receive an average of $137 in credits on their April gas and electric bills, thanks to the state’s Cap-and-Trade program. Governor Gavin Newsom announced today that the credits are part of a total $2.4 billion in relief for residents.
Since 2014, the Cap-and-Trade program has returned $10.9 billion to utility customers, supporting critical climate action while providing bill credits. Residents will see credits ranging from $35 to $259 on their electricity bills and $54 to $87 on natural gas bills.
“These credits benefit families while helping fund essential environmental efforts,” said Governor Newsom.…